Can I keep any assets if I go bankrupt?

You are allowed to keep, however, a vehicle that is worth up to the protected threshold, which is currently set at $9,100. If your vehicle is worth more than this, the Trustee would need to sell it for what it is worth, but they would then return the protected amount of $9,100 to you for the purchase of a lesser valued vehicle. You can keep tools of trade up to the amount of $4,200 so that you can continue to carry on your trade.

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